Module 8 Flashcards
1
Q
What are the agreements among geographically proximate countries?
A
to reduce/remove tariff and non-tariff barriers to free flow of GSF (Goods, Services, Factors of production)
2
Q
What are the five levels of economic integration?
A
- Free Trade Area (FTA)
- Customs Union (CU)
- Common Market (CM)
- Economic Union (EU)
- Political Union
3
Q
A
4
Q
A
5
Q
A
6
Q
A
7
Q
A
8
Q
A
9
Q
A
10
Q
A
